Some servicing brokers have suggested to IMFnews the RFI, in some cases, has caused buyers of Ginnie servicing rights to reduce the value of their bids.

Production of jumbos and expanded-credit mortgages spiked while agency lending deflated.

In the mortgage industry, the FCA has been used by the Department of Justice and Department of Housing and Urban Development to punish FHA lenders for sloppy underwriting practices that led to defaults.

JMP said it sounds like “these actions” by the GSEs “primarily targeted nonbank wholesale channel lenders, of which UWM [United Wholesale Mortgage] and HMPT are among the largest.”

United Wholesale Mortgage remained the top seller of broker loans with $41.07 billion during the second quarter, a 2.5% drop from 1Q21.

Commercial banks could, once again, become big players in the GNMA MSR market but few find that likely...

The two GSEs securitized $98.14 billion of refi loans in July, the lowest monthly volume since March of last year, when the Federal Reserve sparked a massive refi market by pushing interest rates to record lows.

HFPC is urging FHA to offer a more flexible option whereby servicers can use a portion of the partial claim to reduce a borrower’s monthly payment, dollar for dollar...

Ginnie early buyout activity has been rising steadily since early 2020, right before the pandemic struck.